Market Analysis

The first day back from Easter Weekend, and the market seemed at best – apathetic. The theme permeating the market of late is that when the market is selling off, use it as an opportunity to buy on the dip. This is very similar to the action that we saw in 2006 and much of

Friday the market is closed due to Good Friday, so enjoy the three day week. Looks like most traders have headed out of town as the volume the past three days has been dismal – nonexistent really. But with earnings gearing up, the market will get a legitimate test to the rally that it has

Despite a significantly weak open, the bulls used the light volume day to craw back to a loss that was negliable at best. The volume was extremely low – one of the lowest of the year, providing us with the belief that the market may in fact be changing course for once. However, of concern

The markets are rallying in such a manner that it is comparable to the sell-offs that we saw for much of January and February. The obvious understanding is that it can’t do this forever, especially since we are getting parabolic on the charts. Nonetheless, you can never underestimate a bull run and how far it

The indices were heading into the close poised for a solid gain. While the gains were still, nonetheless, respectable at day’s end, they were a bit disappointing considering how far from the day’s highs they were. Nonetheless, the pullback that the market has seen over the last few trading sessions, has not been threatening at

More important than the rally we have seen over the past month, is what it does with the pullback that we are currently witnessing. And so far so good. Volume is extremely low – and I’m not talking moderately lower, I’m talking significantly lower than the volume on markets sessions with overall positive returns and

The market’s last hour save nullified the Obama-Prime-Time Short Trade today. To say the least, the rally in the last hour was quite impressive. The volume was significant today, but much of it came from the market selling off of the morning highs. There is a short setup on the Nasdaq that we really

In the words of Steve Kroft of 60-Minutes, continued and irresponsible spending by the Federal Government, this time to buy an additional $1 Trillion in toxic assets from the banks gave the market enough reason to continue its impressive rally of late, despite the long-term inflationary impact such spending will create. It’s hard to get

We still remain skeptical of this rally, and frankly were surprised at how the market responded to yesterday’s sell-off. However, the volume is waning at a rapid and ferocious pace – and that is on top of an incredible piece of news in regards to new home construction increasing for the month of February. So

The vulnerability of this market finally showed itself today after four days of positive gains; today the bulls tried to make it a fifth but was unable to hold its gains heading into the final hour. Now there are two ways to look at this 1) the markets had to pullback some today after the